🧳 Businesses have lifecycles... 🔁
That's covered in orientation, right?
What is your mindset going into a job? You are processing many emotions which can feel like a roller coaster:
✅ Excitement and anticipation
✅ Anxiety and apprehension
✅ Confidence and resolve
✅ Adaptation and learning
✅ Social and relational
🚫 You probably aren't thinking about your employer's business operations, their strategic plan, how much cash they have on hand, or their balance sheet, or how long they will be in business. Yet, all of these realities are professionally, and emotionally impactful to you!
Are you thinking about:
❓ Is the company selling and downsizing through layoffs?
❓ What about a reorganization that eliminates the group that hired you, and reassigns you to another job?
❓ Maybe your new employer acquires a company and creates a new business unit that interests you?
💡 The point is that businesses have lifecycles, and the more you understand where your employer is in their lifecycle the better you can prepare yourself and your career!
I am not suggesting that you avoid risk-taking completely...I am suggesting that understand your employer's business such that you:
1️⃣ Play a constructive part in their growth and journey.
2️⃣ Understand, based on where the company is in its lifecycle, what your likely tenure could be.
3️⃣ Maximize your experience there by taking advantage of learning opportunities; as many as possible increasing your skills!
4️⃣ Prepare (the best you can) for the chaos and confusion that comes when companies evolve.
When businesses evolve many employees aren't ready for the change, and that's awful! Actually, it's a disservice.
💡 What if business transparency, education, and preparedness (specific to your employer) were available trainings? Perhaps then layoffs would be less stressful and tragic for everyone!
Here are a few ideas to become more informed on the business lifecycle for your employer:
➡️ If your employer is publicly traded listen to their quarterly conference calls, and investor conferences. These can usually be found on the company's Investor Relations webpage.
➡️ Identify the company's competitors and listen to their quarterly conference calls, and investor conferences, and read their press releases.
➡️ Ask your supervisor about the company's strategic plan, and/or if they can walk you through it.
➡️ Reach out to me and I will help you out 😃.
Businesses have lifecycles...
💪 ...and you have skills...remember that!
❓ What are your ideas for an more equitable business/employee exchange of time?
#businesslifecycle #layoffs #getahead #transparencymatters #upskilling #honestymatters
Chief Talent Officer @ Spartanburg Regional | Recruitment Branding Expert | Workforce Solutions Oriented | Public Speaker | Innovating Change Agent
2wI hope their collaboration will be better than their individual efforts. These two became dinosaurs as most big job boards due to greed and offering less for more. I am rooting for them because competition in this area is needed.